All the headlines from our Fraud Topic Page, ordered by recency.
May 14 2013 // The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by...
May 13 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina.Motions filed in U.S. District Court in...
May 13 2013 // The family of a student killed or injured while boarding or exiting a school bus in Mississippi can now qualify to receive money from the state Crime Victim Compensation Fund.House Bill 710 expands the eligibility for the...
May 10 2013 // The New York State Senate approved three bills that aim to cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility to insurance companies to...
May 10 2013 // Texas Department of Public Safety (DPS) Director Steven McCraw has directed the Texas Rangers to join McLennan County Sheriff Parnell McNamara in launching a criminal investigation into the fertilizer plant explosion that...
May 10 2013 // In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S....
May 8 2013 // A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp. over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal...
May 8 2013 // A former operator of a Baton Rouge, La., furniture store destroyed by a fire in 2006 pleaded guilty to a wire fraud charge stemming from the blaze and was put on probation.The Advocate reported that Ron Henderson, who...
May 7 2013 // American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed...
May 7 2013 // Massachusetts authorities announced this month that two men have pleaded guilty to charges they fraudulently collected an insurance payment of more than $23,000.“These defendants conspired to obtain payment for a...
May 3 2013 // More Maryland homeowners will avoid a costly trap by predatory contractors thanks to a new law, the Washington, D.C.-based Coalition Against Insurance Fraud said.Maryland Senate Bill 736 was signed into law by Gov. Martin...
May 3 2013 // Former insurance executive Michael Van Gilder has pleaded guilty to securities fraud in an insider-trading case connected to billionaire Kirk Kerkorian’s 2008 investment in Denver-based Delta Petroleum. According to...
May 2 2013 // The U.S. Trade Representative’s office criticized China on Wednesday for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S economic might, in the latest sign of...
May 2 2013 // Victor O. Schinnerer & Co. has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for non-profits. The new coverages round out the program’s existing offering of directors &...
May 1 2013 // A crackdown on auto insurance fraud in Lawrence, Mass., prompted by the death 10 years ago of a great-grandmother in a staged accident has saved the city’s motorists $68 million in premiums, and hundreds of millions...
May 1 2013 // A 2012 security breach that exposed the personal information of 780,000 Utah residents to hackers could cost as much as $406 million, a new study finds.The Salt Lake Tribune reported in the aftermath of the breach, the...
May 1 2013 // Metal theft claims have risen 36 percent in the three years since January, 2010, according to an insurance research organization.The National Insurance Crime Bureau (NICB) said it is seeing more evidence of pervasive metal...
Apr 30 2013 // The owner of a now defunct chiropractic clinic in Bryan has pleaded guilty to engaging in a conspiracy to defraud various automobile insurance companies of more than $3 million, U.S. Attorney Kenneth Magidson said.Marion...
Apr 30 2013 // A Duncanville, Texas, man faces federal charges in an alleged multi-million dollar staged accident fraud scheme.The U.S. Attorney’s Office for the Northern District of Texas reported that Leroy Nelson was arrested by...
Apr 30 2013 // Cargo theft rates in Europe increased 24 percent on average last year from 2011, and were on the rise in Asia as well, while rates in North, Central and South Americas remained consistent with prior years.The greatest risk...